Definition of Leasable Area of the Building


Leasable Area of the Building means the total area of the premises leased or intended for lease in the Building.
Sample 1

Examples of Leasable Area of the Building in a sentence

Tenants share of the Common Expenses shall be equal to the ratio that the Gross Leasable Area of the Demised Premises bears to the entire Gross Leasable Area of the Building.
The Landlord may from time to time remeasure the Leasable Area of the Leased Premises and the Leasable Area of the Building and readjust the Basic Rent and the Tenant's Proportionate Share of Additional Rent accordingly, upon written notice to the Tenant.